UPDATE: AUDUSD DAILY CHART AS OF AUGUST 23RD 2013

As expected price reacted to monthly demand zone between 0.89 and 0.8800 and had a bullish run up to fresh supply zone at 0.9225 - 0.9250. Price retested this daily supply zone and had a bearish run up to daily demand zone at 0.8950. I am expecting a bullish run to my target of 0.9320 in last week of August mainly due to recent positive fundamental report from China.


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